Finalization of Accounts

The Indian Businesses Act. 2013. Sections 209 to 220. handle legal provisions referring to the assembly and presentation of ultimate accounts by companies. Companies must prepare final accounts in Section 210. while the shape and contents of the record and profit ...

Difference Between Trust, Society and Section 8 Company

Selecting the appropriate legal structure for the charitable or non profit organization can be a perplexing task. Among the most common choices in India are Trusts, Societies, and Section 8 Companies. Each has its unique features and ...

Debit And Credit In Accounting And Banking

Understanding the fundamental concepts of “credited” and “debited” is crucial for both banking and accounting. These terms represent opposite actions when it comes to financial transactions. In accounting, “credited&#...

Amongst the various types of taxes imposed by the State and Central governments, the Ad Valorem tax is a type of tax that is fairer in nature as it is imposed on the assessed value of the property under consideration.

What is Ad Valorem Tax?

Ad valorem tax is a type of tax that is ...

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